On-chain data shows that the cost price of short-term holders of Bitcoin is currently stabilizing around 92,000 US dollars
CryptoChan2025/02/07 11:44
By:CryptoChan
In the past three months, the cost price of short-term holders of Bitcoin has experienced significant fluctuations. Data shows that the indicator has continued to rise from the level of 50,000 dollars in late October, reached a high of 110,000 dollars in mid-December, and then gradually fell back to the current 92,000 dollars.
Correspondingly, the price trend of Bitcoin market is highly synchronized with the cost price of short-term holders, and the fluctuations of the two show obvious linkage. Since mid-December, the realized price of short-term holders has always remained above $90,000, indicating that the market transaction cost tends to concentrate near this level.
This price fluctuation reflects the stable state of the market after experiencing shock adjustment, and the cost price of short-term holders provides a reference basis for market prices, further affecting investors' decisions and market trends. When the market experiences a correction, the cost price of short-term holders can be used as a reference indicator to help determine whether the market is in an over-adjustment area.

2
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Dogecoin Breaks $0.1689 Amid Market Volatility – Can It Surge Past $0.1789?
Cryptonewsland•2025/03/20 22:22

Kryll (KRL) Creates Stealthy Bullish Divergence: What Traders Should Know
Cryptonewsland•2025/03/20 22:22

Bullish Divergence in Bitcoin: $90K Breakout or Fakeout?
Cryptonewsland•2025/03/20 22:22

SHIB vs DOGE: Can One of Them Make You a Millionaire?
Cryptoticker•2025/03/20 20:33

Trending news
MoreCrypto prices
More
Bitcoin
BTC
$84,353.23
-1.72%

Ethereum
ETH
$1,970.69
-2.39%

Tether USDt
USDT
$0.9995
-0.07%

XRP
XRP
$2.42
-1.25%

BNB
BNB
$632.5
+1.22%

Solana
SOL
$127.97
-4.29%

USDC
USDC
$1.0000
-0.02%

Cardano
ADA
$0.7176
-1.38%

Dogecoin
DOGE
$0.1692
-2.96%

TRON
TRX
$0.2315
-0.33%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now